329-335 Strathearne Avenue, Hamilton (Homeside) - Vacant Land for Sale
329-335 Strathearne Avenue, Hamilton (Homeside), Ontario, L8H5K9
0 baths lot
$1,300,000
Hamilton
329-335 Strathearne Avenue, Hamilton (Homeside), Ontario, L8H5K9
$1,300,000
Hamilton
This lot in Hamilton is for sale. It has been on the market 30 days, fresher than the Hamilton average of 53 days.
Exceptional opportunity for builders, investors or developers to acquire FOUR adjacent, fully serviced building lots offered together as one development site in East Hamilton. Located at 331 Strathearne Avenue, the site includes approved architectural drawings and building permits for four individual homes. Each home is designed as a 3-bedroom, 3-bathroom, 1,737 sq ft residence with a garage, alley access and a separate entrance with rough-ins for a basement additional dwelling unit (ADU). The existing building has been demolished and the site is clear and ready for construction. Each lot is fully serviced, with water, sewer and utilities at the lot line and ready for connection. A catch basin has also been installed at the rear to service all four lots. Development charges for all four lots have been paid or waived by the City. Approved plans and permits are included with the purchase, allowing a purchaser to move efficiently toward construction without starting the lengthy severance and approval process from scratch. Ideal for a builder looking to build and sell, an investor seeking rental opportunities, or a developer looking for a turnkey infill project. Zoning supports flexible residential use, including ADUs. A rare opportunity to acquire a four-lot, shovel-ready development site with the major groundwork already completed. Please note Lots are newly severed, taxes have not been assessed yet. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 53 days across the listings currently for sale in this city
This vacant land in Hamilton (Homeside) has been listed for 30 days, which is 23 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,300,000, about 18.6× the local median household income of $70,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 263% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8H)
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